Fort Stockton EDC
May 7, 2024 4A & 4B Agendas

THE FORT STOCKTON 4-A ECONOMIC DEVELOPMENT CORPORATION WILL MEET FOR A SPECIAL MEETING ON MAY 7, 2024, AT 12:00PM, IN THE MEETING ROOM OF THE FORT STOCKTON VISITOR’S CENTER, 1000 RAILROAD AVENUE, FORT STOCKTON, TEXAS

COMMENTS FROM THE AUDIENCE ON REGULAR AGENDA ITEMS: Citizens who desire to address the Fort Stockton 4-A Economic Development Corporation Board regarding matters on the Agenda shall approach the podium when the item is to be considered. Discussion by Fort Stockton 4-A Economic Development Corporation Members will only occur when an agenda item is scheduled for consideration. Prior to making comments, each speaker will be required to provide his/her name and residential address. Speakers will be limited to 3 minutes. Speakers making personal, impertinent, profane, or slanderous remarks will be removed from the Meeting Room and not allowed re-entry.

AGENDA

  1. Call to Order
  2. Discuss/Act Upon rescinding approval of Infrastructure Assistance to Springhirst LLC in the amount of $350,000.00 as approved in the April 26, 2021 Meeting.
  3. Discuss/Act Upon approval of Infrastructure Assistance to Fort Stockton Main and First LLC in the amount of $350,000.00.
  4. Discuss/Act Upon maintenance repairs to the property commonly known as the Spinghirst Hotel.
  5. Discuss/Act Upon approval of Performance Agreement between Fort Stockton Economic Development 4-A Corporation and Fort Stockton Main and First LLC
  6. Adjourn.

Fort Stockton 4-A Economic Development Corporation Reserves the Right to Consider Business Regardless of the Sequence of Posted Items & May Vote &/or Act Upon Each of the Items Listed in this Agenda.

At Any Time During the Meeting or Work Session and in Compliance with the Texas Open Meetings Act, Chapter 551, Government Code, Vernon’s Texas Codes, Annotated, the Fort Stockton 4-A Economic Development Corporation May Meet in Executive Session on Any of the Agenda Items or Other Lawful Items for Consultation Concerning Attorney-Client Matters (§551.071); Deliberation Regarding Real Property (§551.072); Deliberation Regarding Prospective Gifts (§551.073); Personnel Matters (§551.074); Deliberation Regarding Security Devices (§551.076); and Deliberation Regarding Economic Development Negotiations (§551.087).  Any Subject Discussed in Executive Session May be Subject to Action during an Open Meeting.

Persons with Disabilities who Plan to Attend the Meeting and Who May Need Assistance, are Requested to Contact the Fort Stockton 4-A Economic Development Corporation Office @ 432.336.2264 @ least Two (2) Business Days Prior to the Meeting so that Appropriate Arrangements can be made.


THE FORT STOCKTON 4-B ECONOMIC DEVELOPMENT CORPORATION WILL MEET FOR A SPECIAL MEETING ON MAY 7, 2024, AT 12:15PM, IN THE MEETING ROOM OF THE FORT STOCKTON VISITOR’S CENTER, 1000 RAILROAD AVENUE, FORT STOCKTON, TEXAS

COMMENTS FROM THE AUDIENCE ON REGULAR AGENDA ITEMS: Citizens who desire to address the Fort Stockton 4-B Economic Development Corporation Board regarding matters on the Agenda shall approach the podium when the item is to be considered. Discussion by Fort Stockton 4-B Economic Development Corporation Members will only occur when an agenda item is scheduled for consideration. Prior to making comments, each speaker will be required to provide his/her name and residential address. Speakers will be limited to 3 minutes. Speakers making personal, impertinent, profane, or slanderous remarks will be removed from the Meeting Room and not allowed re-entry.

AGENDA

  1. Call to Order
  2. Discuss/Act Upon rescinding approval of Assistance to Springhirst LLC in the amount of $750,000.00 as approved in the April 26, 2021 Meeting.
  3. Discuss/Act Upon approval of Assistance to Fort Stockton Main and First LLC in the amount of $750,000.00 for the rehabilitation of the historical property commonly known as the Springhirst Hotel located at 100 N. Main St.  
  4. Discuss/Act Upon approval of Performance Agreement between Fort Stockton Economic Development 4-B Corporation and Fort Stockton Main and First LLC
  5. Discuss/Act Upon approval of Resolution of the Fort Stockton Economic Development 4-B Corporation Approving the Distribution of Funds to Fort Stockton Main and First LLC for Rehabilitation of the Historic Property Known as the Springhirst Hotel located at 100 N. Main St in an Amount Not to Exceed $750,000.00.
  6. Adjourn

Fort Stockton 4-B Economic Development Corporation Reserves the Right to Consider Business Regardless of the Sequence of Posted Items & May Vote &/or Act Upon Each of the Items Listed in this Agenda.

At Any Time During the Meeting or Work Session and in Compliance with the Texas Open Meetings Act, Chapter 551, Government Code, Vernon’s Texas Codes, Annotated, the Fort Stockton 4-B Economic Development Corporation May Meet in Executive Session on Any of the Agenda Items or Other Lawful Items for Consultation Concerning Attorney-Client Matters (§551.071); Deliberation Regarding Real Property (§551.072); Deliberation Regarding Prospective Gifts (§551.073); Personnel Matters (§551.074); Deliberation Regarding Security Devices (§551.076); and Deliberation Regarding Economic Development Negotiations (§551.087).  Any Subject Discussed in Executive Session May be Subject to Action during an Open Meeting.

Persons with Disabilities who Plan to Attend the Meeting and Who May Need Assistance, are Requested to Contact the Fort Stockton 4-B Economic Development Corporation Office @ 432.336.2264 @ least Two (2) Business Days Prior to the Meeting so that Appropriate Arrangements can be made.